Community Trust ScoreVerified
Peter Schiff shared: If Bitcoin breaks $42K it’s headed to $30K. If it breaks $30K it could crash to $15k. All this might happen very soon. If you’ve borrowed money against your Bitcoin, you better sell enough Bitcoin now to repay your debt rather than be liquidated later at much lower prices.
Community Response: Sir, even TA supports it. I predicted this 12 days ago when the price was above 50k. It’s clear as day. But no one was talking about it unfortunately.
“Predicted it” You do realise this is all over twitter, telegram, etc, right? Such an obvious shake out pattern, look what I “Predicted” over a month ago: You have zero credibility when talking about Bitcoin. When it was $3,500 you said to NOT buy and it was going lower. People run bots that countertrade your tweets outperforming the S & P 500.
I agree that you shouldn’t be borrowing money to buy something as volatile as BTC but in your head Bitcoin will keep going to $0. “If it breaks $15k its heading to $5k. If it breaks $5k its heading to $500. If it breaks $500 its heading to $0”.
This is very true, could get ugly. Kazakhstan is not helping having 18% of current BTC network and with its instability and shutting down its Internet the hash rate dropped 12%!
Didn’t seem to hurt when China shut down mining recently. You can’t shut down the internet everywhere!
Even more! It is going to 11k or lower as analysed and recorded. The cycle is expected to play out as it did in all previous cases.
If we reach 15k I am all in. It’s going to 1200 before all the dust settles. People have no idea how big this crash is going to be.
Everyone so mad that I told them Bitcoin was going to 1200. The only reason this triggers you guys is because deep inside it’s your worst fears that you ignore and bury inside you but you all know Damn well it’s possible. Amazon lost 94% of its value in the .com crash.
I buy so much BTC if it went to 1200 it would be amazing. Please don’t stick your neck out like this. Not much to gain.
But both you guy’s don’t need a lesson. This a bull market. A bull market. Yes; Bitcoin is a risk. But until proven otherwise, the Bull keeps running. – Despite today’s action.
I got scared there for a second, Dow Jones is up 18%-20% since JAN. And gold is down like 6% on that same period. What on earth is this graph?
What he really wanted to show is a graph of number of peanuts produced versus butter. More relevant
I have been following this man for many years and I can truly say he has never ever been correct about anything. If you go against him, you will become rich.
He was: A.) Right about predicting the crash in 2008 and was B.) Right about the occupy wall street movement. He correctly argued the mob should have protested in DC instead of wall street because government never should have bailed out the big banks in the first place.
A broken clock is right twice a day. Peter makes predictions daily, and you had to go back to 2008 to find the one time he predicted something correctly. Schiff-Stradamus deserves his roses for predicting 2008, but he’s been very vocal and primarily wrong since.
Yeah, that’s fair. But it’s interesting because both Peter and BTC army recognize the same problem. Aka fiat currency controlled by big government leads to hyperinflation. Therefore, shouldn’t be trusted He believes in gold. New school believes in crypto.
Correct, crypto and gold share most of the same safe money ideals. They’re both a store of value, and in that regard, they compete for the same market. BTC is more portable, easier to store, and is also an un-censorable payments mechanism. Gold is none of that.
